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CXDC is another legitimate one.
Hyper boy, was that you or someone in your group who flashed an ask of 244k shares?
One of the problems for SIAF is that there are no new buyers. Even if you are still buying, there is not more you can afford to buy. Hyberboy even mentioned his top five own 700,000 shares already.
On the contrary, there are plenty of diehard longs deciding to give up after years of frustration. That is why when a single owner like Emptyone decides to sell, the price plunges.
I really hope that starting from 2017, they can pay a few cents of dividend. That alone will clear a lot of doubts about the company.
RD, the historic lowest SP for CXDC was $3.35, that was in 2011/2012 when a hit piece was written about the company. This year, they took it down to $2.7. Between now and then, the production capacity doubled, two more facilities were opened. There was absolutely no dilution. Think about that.
BTW, I am sure you have noticed that in addition to our old friend Joe, there is an alias born this May, and all his posts were in SIAF board. He constantly bash without any factual basis. According to him, the SP is going to zero. I do not think his coming is a pure coincidence.
That being said, I am going to hold all my shares no matter what. If it goes to zero, so be it.
Last year around this time, I bought a few thousand shares of CXDC. They opened their Dubai facility last year, their facility in southwest China was slated to open this July. Their EPS is nearly $2. They can easily borrow over $150 million from Hong Kong this year. Morgan Stanley Asia invested $100 million in 2011. Fosun International and many other well known Chinese investing firms own a lot of shares of it. Yet, at the beginning of the year, it easily took it down to $2.70. Now it barely survives at $4.00.
SPU, last year, the CEO bought millions of dollars worth of shares at $1.50 before the 1 for 8 reverse split. Then they took it down to $1.60 (after the 1 for 8, so before the reverse split, it was $.20). Of course, later they took it up to from $2 to over $20 in a few days this year and then now down to $6-$7.
I mean for Chinese micro caps, they can do whatever they want. If they want to take SIAF down to $1, they can easily do it.
Joe is right about SIAF, not because he is smart. It is simply because it is a Chinese micro cap. What makes it worse is that it needs a lot of money to move its business ahead.
I think now FD learned his lessons as well.
The SP will go to zero quicker than you think. That is the master plan of Solomon. The assets may be there but do not belong to the shareholders.
I bet they have a deal with the market makers and the company. The market makers took it up to over a dollar first. To regain its Nasdaq listing status. Then Temask unload in the eighties to the market makers. Simultaneously, the market consolidates. Then they push it high, up, up and up. Both market makers and Temask could make big bucks. It's a win win arrangement. The only losers are these private investors who are selling now. If you check their fillings, you will see Temask did not sell when the price is over a dollar. Millions of shares were transacted then over a dollar, they did not sell. Now, they are unloading, why? There must be a damn good reason for that.
One in Shanghai, called Hongchang, Nawei is in Guangzhou.
Damned if you buy, damned if you don't. That is SIAF.
They still have over 61 million shares.
Dan said although they will let the new management decides, but he did mention it could also be listed as ADR.
Sandberg sold 10,000 shares @$4.85 yesterday from his table tennis club.
you know what, I am considering to buy, purely for the purpose of just beating the best trader Joe in KSIX.
Joe, since you are very close to the best trader, I am sure you have sold your KSIX shares you bought at .36 a few days ago.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126953011
Dan actually said in the CC that the legal structure will be completed by the end of December. So the question is when they will appoint new board members and who will be CEO and CFO.
Nordnet Pensionsförsäkring AB even increased its holding to 2,316,013 shares (Dec 2nd, 2016) from 2,115,278 shares (Dec. 31, 2015). Interesting.
Yeah, disappointing. Nothing exciting to expect here.
The so called Hu-Gang Tong (Shanghai-Hong Kong Stock Connect) will also allow mainland investors to buy stocks in Hong Kong, which will probably further increase the valuation of the company.
Solomon said the 32% was just an estimate. The actually number could be lower, he even said 11%. He did not know what he was talking about, because minutes ago, they just said IPO has to be at least 25%.
Dan said Solomon, him and one other person felt it would be better to change SIAF to a holding company. Wonder who that person is? Could be FD.
Did Dan just say that NTA is between $225 million to $250 million?
I actually called Peter several months ago. I told him that my broker won't allow me to own foreign stocks for my Roth IRA account, I told him to pass the information to the company. I am not sure whether the Trustee is an arrangement for that situation as well.
It only suggests that for those SIAF shareholders, if you want to exit, you can exit. You don't have to sell. The reason is simple, some shareholders may not want to own shares in HK, or they may not be able to trade inHK. I don't know why RD thinks we have to sell.
Don't remember. But it was when he answered the questions.
I don't think this is good news, I just stated what they are heading to.
It seems that no one paid attention to what Solomon said in Q1 CC. He said he will be part of that investors group, I think he meant the 32% group. There is no others percentage he could possibly refer to other than the 32%. So I don't think SIAF will acquire that 32%.
If we do not dilute, then SIAF shareholders get 19% + 18% of Triway.
If we do dilute with 10 million shares, then the current SIAF shareholders get (19%+18%+32%) * 2 /3 = 46%.
So the gain is 9% of Triway, but we lose one third of the other part of SIAF. So basically, does 27% of Triway worth the rest of SIAF?
As a matter of fact, I remembered that in Q1 CC, Solomon mentioned that he will be part of a group of investors, I think he referred to the 32% Pre-IPO investors. So my take on that is SIAF is not going to acquire that 32%.
If including the shares in Merkur, it is nearly 5.9 million shares pre split.
Don't forget the volume in Merkur. 116,012 shares changed hands today.
I have some AMRS. Two months ago, on its speedy way up from 50 cents to over a dollar over just a few days, there were always a few hundred to a few million shares posted after market closes. Someone explained this saying that it was due to heavy buying during market hours that MM did not want to report. The rationale is such a volume change could cause the price to surge even more.
That being said, I am not sure whether it is the same case here.
154,000 shares were posted a minute ago. Total volume is 479,305.
I think the bank is the Bank of Standard Chartered.
Solomon must be desperate to get the letter, he is afraid that we are going to eat him alive.
Funny, loan commitment.
Oh, boy, that guy has endless supply of shares to sell. Unbelievable!
What is that? I really don't know.
Tony said Triway will be listed in Hongkong.
The problem is the debt is a lot more than $10 million. Even if the bid doubles, there is zero dollars left to the common shares.
More importantly, does it include all the debts and liabilities? In the report, it mentioned that the bid includes all the gift card liability, roughly 1.5 million dollars. But it does not mention other liabilities.